India nominal GDP (USD)
VerifiedBefore (baseline)
0.72USD trillion
as of 2004-12-31
Now (latest)
3.89USD trillion
as of 2024-12-31
Change
×5.4
Over time
USD trillion · source-verified data points only
Context & shortfalls
India became the world's 5th largest economy by nominal GDP in 2022, overtaking the UK. In PPP terms (IMF), India is already the 3rd largest. The USD figure fluctuates with rupee–dollar exchange rates — in INR terms, GDP grew from ₹33 L Cr (FY2004-05) to ₹295 L Cr (FY2024-25 AE). GDP contracted -5.8% in FY2020-21 due to COVID-19. Growth in 2010–12 was partly driven by global commodity cycles.
Source
World Bank national accounts data / IMF World Economic Outlook
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=IN ↗Data as of 2024-12-31. Large national figures change frequently — verify at source before citing.